Sunday, 7 April 2013

More About One Hyde Park Owned By Africa's Richest Woman Folorunsho Alakija.

I recently came across an article in the April Edition of Vanity Fair Magazine, Here are snippets from the article: The Nigerians are very flamboyant. They like lots of very bright colors, glitz and glitter. They are not shy.Take Rose of Sharon 4, which owns a $10.2 million, fifth-floor apartment. In fact, land-registry documents show that five apartments, for a combined $123 million, are owned by companies under the Rose of Sharon name, all based in the Isle of Man. These have been widely reported to be owned by Folorunsho Alakija, a Nigerian billionaire who is a part-owner of Famfa Oil Ltd. (Efforts to contact her were unsuccessful.) According to an industry risk profile of the company, Famfa received 600,000 barrels of oil per month from the giant Nigerian deepwater Agbami oil field in the first four months of 2010, in partnership with the U.S. oil company Chevron, in a longer-term agreement. The report cites a Nigerian Department for Petroleum Resources source as saying that Alakija was “one of the [Nigerian] First Lady’s favorite dress designers” and that Alakija’s stake in Famfa was “a reward to a loyal friend.” Forbes ranked Alakija’s net worth at $600 million, but last year Ventures Africa, a business magazine, recalculated it based on public information at $3.3 billion, making her richer than Oprah Winfrey. Read the article HERE.